06.29.2017

Romania's proposed finance minister Ionut Misa said Thursday the government plans to introduce a differentiated tax on income for all companies, in three gradual stages, of 1%, 2% and 3%, more

06.21.2017

Companies with billions of euros in revenue are waiting for the Finance Ministry and the Research Ministry to provide clarifications to the modification of the tax law so as to encourage R&D: the more

04.25.2017

AmCham Romania supports the maintaining of the current flat tax that proved to be the most efficient fiscal policy for Romania’s economy, and considers that introducing a complex mechanism that will more

04.06.2017

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01.16.2017

Following the drop of the social security and health insurance tax cap, a paragraph that is open to interpretation from a law issued during the Ciolos Government raises doubts about the tax exemption more

01.09.2017

The income tax cut for microenterprises, a measure which has been recently adopted by the new government, will trigger tax reductions of approximately RON955 million, which will be used to cover the more

01.09.2017

The income of the upper management in companies and banks is under attack by the new PSD (Social Democrat Party) government, which dropped the social security tax (CAS) cap of five gross average more

11.27.2016

Romania, Ireland and Bulgaria registered the lowest share of taxes and social contributions in percentage of gross domestic product (GDP) in 2015, namely, 24.4%, 28% and 29%, respectively. more

10.20.2016

Nearly 20% of the turnover of companies active in Romania is generated by companies with at least one shareholder which is a legal entity registered offshore, according to a KeysFin study. more

09.19.2016

Romanian Prime Minister Dacian Ciolos said Monday that tax authority ANAF collected RON132.4 billion to the state budget in the first eight months of the year, up by RON1.6 billion, or 1.2% compared more

07.28.2016

Generic medicine producers in Romania want to be exempted from paying the clawback tax, saying this measure would ensure patients’ access to cheaper medicines. more

07.15.2016

Companies export profits from Romania via overpriced acquisitions, management fees and even via millions of euros in fees for lawyers and consultants. more

06.29.2016

Romanian Finance Minister Anca Dragu said natural persons returning real estate collateral to banks in exchange for writing off their loans will be exempted from paying the tax on property transfer. more

04.05.2016

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02.11.2016

Romanian Prime Minister Dacian Ciolos on Thursday dismissed Gelu Diaconu, head of Romania’s tax authority ANAF, and his deputy, Mihai Gogancea-Vatasoiu, according to governmental sources. more

02.08.2016

The Romanian tax authority ANAF collected total revenues of RON19.25 billion in January 2016, 14% above the planned amount and 16% higher than the RON16.59 billion collected in the same period in more

01.27.2016

The value of local taxes paid by card rose 42% last year, to approximately RON250 million, due to the increase of online transactions by 74% and the expansion of the payment networks, according to the more

11.16.2015

The government will keep all the measures in the Tax Code as well as the recent wage hikes while the 2016 budget will stipulate a budget deficit below 3% of the GDP, Finance Minister-designate Anca more

10.28.2015

Lack of predictability in Romania's tax system affects investors more and drives them away than the level of taxes, as taxes may be raised just as easily as they were cut if the budget is under more

10.28.2015

The desired results of lowering the tax on dividends, to stop business owners from taking their gains out of the country, will be visible in 10-15 if Romania offers a stable legal framework, central more

10.27.2015

Romania's government on Tuesday adopted an emergency decree bringing forward to 2016 several tax cuts planned for 2017, the country's Finance Minister Eugen Teodorovici said more

10.26.2015

European Commission is less optimistic than the Romanian government as regards the tax collection capacity following the fiscal relaxation measures and will watch closely every measure, said Angela more

10.19.2015

Romania's ruling coalition may decide to cut several taxes, such as the tax on dividends, as of next year instead of 2017, as stipulated in the country's recently adopted tax code, Prime Minister more

10.05.2015

Romania's tax authority collected revenues of RON146.58 billion in January-September, 7.8% higher than in the same period last year and 0.8% higher than planned, due to improved collections in the more

10.01.2015

Romania's budget deficit could stand at 2.2% of GDP next year, following the impact of the country's new tax code, but planned wage hikes in the public sector may push the deficit to more than 4%, more